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408 W Olive St

Fort Collins, CO 80521

3 beds
2 baths
1,463 sqft
4,500 sqft lot
$375 per sqft
1953 build
– on site

Are you in search of an investment opportunity in the heart of Old Town? Look no further than 408 W Olive Street. This well-maintained property boasts not only a desirable location but also incredible potential for returns. Situated in the sought after Old Town West, this property also enjoys proximity to CSU, making it an ideal spot for anyone seeking a convenient and vibrant lifestyle. Walkable to amenities such as Lucile's, The Lincoln Center, Mulberry Pool and all of the shopping, dining and entertainment that Old Town provides. Residents will experience the true essence of Old Town living in this location. Featuring 3 bedrooms and 2 bathrooms, this cute 1953 ranch style home offers accommodation suitable for various living arrangements. Whether you're looking to attract tenants or envisioning a cozy family home or the opportunity of a Primary Short-Term Rental in the basement bedrooms while you occupy the main level, this property caters to a diverse range of needs. Currently leased at $1400 with two tenants, this investment gem presents an opportunity for future cash flow. However, it's worth noting that the current lease is under market value, presenting the perfect chance for savvy investors to maximize returns. With the lease up for renewal on June 30th, there's room to adjust rental rates to reflect the true value of this prime location. Step outside into the fenced backyard with the patio offering space for relaxing, room for your pets to roam and space for gardening. The lawn sprinkler in both the front and backyards makes lawn care easy. In the dynamic world of real estate investment, location is key, and 408 W Olive Street ticks all the boxes. With its prime Old Town location, spacious layout, and under rented lease, this property presents an irresistible opportunity for investors seeking to capitalize on the booming Fort Collins market. Don't miss out on this chance to own a piece of Old Town charm while enjoying the lucrative rewards it offers.

Listing courtesy of IRES

Last checked: Checking… • Last updated Apr 11, 2024 •

MLS# 1006550 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1953
New Construction:

false
Construction Materials:

Wood/Frame
Architectural Style:

Cottage/Bung
Direction Faces:

South
Window Features:

Double Pane Windows
Stories:

1
Levels:

One
Patio And Porch Features:

Patio
Door Features:

Storm Door(s)
Roof:

Composition
Accessibility Features:

Level Lot
Basement:

Full
Structure Type:

Legal Conforming
Green Energy Efficient:

Southern Exposure
Building Area Total:

743
Total SqFt:

1463
Above Grade Finished Area:

743
Below Grade Finished Area:

720

Interior

Interior Features:

Satellite Avail
Living Room Level:

Main
Living Room Features:

Wood Floor
Kitchen Level:

Main
Kitchen Features:

Vinyl Floor
Dining Room Level:

Main
Dining Room Features:

Wood Floor
Flooring:

Wood Floors
Laundry Features:

Washer/Dryer Hookups

Room Dimensions

Living Area:

1463
Living Area Units:

Square Feet
Living Area Source:

Other
Main Floor SqFt:

743
Living Room Area:

132
Living Room Length:

12
Living Room Width:

11
Kitchen Length:

17
Kitchen Area:

238
Kitchen Width:

14
Dining Room Area:

110
Dining Room Length:

11
Dining Room Width:

10
Master Bedroom Area:

132
Master Bedroom Width:

11
Master Bedroom Length:

12
Bedroom 2 Area:

110
Bedroom 2 Length:

11
Bedroom 3 Length:

11
Bedroom 2 Width:

10
Bedroom 3 Area:

253
Bedroom 3 Width:

23
Laundry Room Length:

10
Laundry Room Width:

6

Location

Directions:

From College St/287 and Mulberry head west on Mulberry. Turn right on Meldrum St. Go 2 blocks and turn left on W Olive St. House is 2nd property on the right next to the Chamber of Commerce. **From College and Mountain go west on Mountain and turn left on Meldrum St. Go 2 blocks and turn right onto Olive St. House is 2nd property on the right next to the Chamber of Commerce.
Coordinates:

-105.08312, 40.58452
Latitude:

40.58452
Longitude:

-105.08312

The Property

Property Type:

Residential
Property Subtype:

Residential-Detached
Parcel Number:

R0040142
Lot Features:

Curbs
Lot Size Acres:

0.1
Lot Size SqFt:

4500
Lot Size Area:

4500
Lot Size Units:

Square Feet
Zoning:

NCB
Possible Use:

Single Family
Exclusions:

All Tenant and Seller personal property.
Horse:

false
Fencing:

Fenced
Exterior Features:

Lighting
Water Source:

City Water, City of FTC
Waterfront:

false
Road Frontage Type:

City Street
Road Surface Type:

Paved

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

3379.3

Beds

Bedrooms Total:

3
Bedroom 2 Level:

Basement
Bedroom 2 Features:

Luxury Vinyl Floor
Bedroom 3 Level:

Basement
Bedroom 3 Features:

Luxury Vinyl Floor
Master Bedroom Level:

Main
Master Bedroom Features:

Wood Floor

Baths

Total Baths:

2
Three Quarter Baths:

1
Full Baths:

1
Master Bath Features:

Shared Primary Bath

The Listing

Virtual Tour URL Unbranded:

https://vimeo.com/930634475?share=copy
Special Listing Conditions:

Private Owner
Buyer's Brokerage Compensation:

3.00

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Natural Gas Available
Gas:

Natural Gas, Xcel
Electric:

Electric, City of FTC
Sewer:

City Sewer

Appliances

Appliances:

Gas Range/Oven

Schools

Elementary School:

Dunn
Middle Or Junior School:

Lincoln
High School:

Poudre
High School District:

Poudre

The Community

Subdivision Name:

Old Town
Senior Community:

false
Spa:

false
Association:

false
HOA Transfer Fees:

No
HOA 2 Transfer Fee:

No

Parking

Garage:

true
Attached Garage:

true
Garage Type:

Attached
Garage Spaces:

1
Garage SqFt:

262
Covered Spaces:

1

Monthly cost estimate

Asking price

$550,000

Expense	Monthly cost
Mortgage	$2,945
Taxes	$281
Insurance	$151
Utilities	$131 See report
Total	$3,508/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
4/5/24 Apr 5, 2024	Listed / Active	IRES	$550,000

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This house located in Old Town West, Fort Collins, CO 80521 is currently for sale for $550,000. 408 W Olive St is a 1,463 square foot house with 3 beds and 2 baths that has been on Estately for 29 days. 408 W Olive St is in the Old Town West neighborhood of Fort Collins and has a WalkScore® of 95, making it a walker’s paradise. This house is in the attendance area of Dunn Elementary School, Lincoln Middle School, and Poudre High School.

Listing Courtesy of: IRES

TERMS OF USE: listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.